AUSTIN, Texas (AP) — Lt. Gov. David Dewhurst says the House and Senate are close to a deal on a new Texas budget that could restore more than $4 billion to public schools.
Dewhurst told The Associated Press late Thursday that all the major points of a new two-year spending plan are finally settled following a week of uncertainty and escalating politics surrounding the budget talks.
Dewhurst says he expects the deal to be closed by Friday afternoon. He called the proposed compromise "a good and conservative budget for the people of Texas."
A proposal that Senate negotiators handed to House members late Thursday includes $100 million in cuts to the current proposed budget and additional tax relief.
Senate negotiators say the plan would not bust the state spending cap.